Banks, ATMs Not Running in Muslim Areas Modi a 'Tyrant', - Owaisi

[Hindustani78]

And the Banks are not able to give 2.5 lakhs, due to availability of cash. You are just bringing govt statements, a few mobile ATMS and total ATM available. But you are not talking about, how many of these ATM are working. How much money reaching to the common man. When black money hoarders are able to get crores direct from RBI/Banks, what is the use of Demonitization.

http://www.hindustantimes.com/india...e-recovered/story-Lx5A5CrzVQrhrXDCNvhfAO.html
Authorities across New Delhi, Kolkata, Midnapore and Rajkot seized over Rs 3 crore including Rs 32 lakh in new Rs 2000 bank notes on Friday.

http://www.hindustantimes.com/punja...m-in-ambala/story-nKilJn6NC4b9859mlV8s1H.html
Cracking on an Ambala-based production company for evading service tax, the directorate of revenue intelligence (DRI) recovered around Rs 3 crore after a raid on its premises on Thursday evening.

http://www.hindustantimes.com/punja...-chandigarh/story-lNgbDCnaSDWjcNhzxWY7UM.html
The Enforcement Directorate has recovered about Rs 30 lakh in cash and 2.5 kg gold from the premises of a tailor as part of its operation to unearth illegal cash.

The seizure comes three days after ED officials recovered Rs 2.19 crore cash from a cloth merchant in Chandigarh.

http://www.hindustantimes.com/india...hra-pradesh/story-hDiEek6jHo2znRQbjMZEDP.html
Unaccounted cash worth Rs 4.4 lakh in new currency notes of Rs 2,000 was seized on Saturday from Krishna district of Andhra Pradesh, the police said.


http://www.hindustantimes.com/india...cash-crunch/story-dTstnt7BFp3LfmlCFD6wJP.html
The Reserve Bank of India (RBI) on Saturday flew in Rs 5,000 crore in a heavily guarded cargo plane to cash parched Uttar Pradesh, an official said.

http://www.hindustantimes.com/india...run-jaitley/story-7Ue1woJHtXVdX4iwhmHX5N.html
Almost 75 crore debit and credit cards that exist in the market, besides e-wallets, will help increase digital transactions. He also made a pitch that these transformations will have to be carried to their logical conclusion.

 

[Hindustani78]

Ministry of Finance
17-December, 2016 18:29 IST
Clarification of Status of Political Parties under Income Tax Act, 1961

There have been some newspaper reports which seem to wrongly suggest that there cannot be any scrutiny of Income-tax returns of political parties registered with the Election Commission in the context of deposits of old currency notes. This inference seems to have been drawn because of the fact that the income of the political parties is exempt from Income - Tax under Section 13A.


In this context, the following clarifications need to be kept in mind :


(i) The exemption from Income-Tax is given to only registered political parties subject to certain conditions, which are mentioned in Section 13A, which includes keeping and maintaining books of accounts and other documents as would enable the Assessing Officer to deduce its income therefrom;


(ii) In respect of each voluntary contribution in excess of Rs. 20000, the political party will have to maintain a record of such contributions along with the name and address of such person who has made such contribution;


(iii) The accounts of each such political party is to be audited by a Chartered Accountant; and


(iv) The political party has to submit a report to the Election Commission about the donations received within a timeframe prescribed.


There are enough provisions in the Income Tax Act to scrutinise the accounts of the political parties and these political parties are also subject to other provisions of Income-Tax, including filing of return.



*****

http://indianexpress.com/article/in...-lakh-cash-in-new-currency-in-punjab-4432446/
Income Tax Department on Saturday seized Rs 9 lakh new currency notes during a raid at a Ludhiana-based jewellery outlet, the owner of which also surrendered unaccounted wealth of Rs 15.40 crore. The income tax sleuths seized about Rs 14 lakh cash and one kg gold in this operation, I-T officials said.

Preliminary investigation conducted by the department has revealed that the jeweller allegedly sold gold jewellery at higher rates, helping customers to convert their black money into white post demonetisation move by the Centre.

 

[danger007]

Ministry of Finance
17-December, 2016 18:29 IST
Clarification of Status of Political Parties under Income Tax Act, 1961

There have been some newspaper reports which seem to wrongly suggest that there cannot be any scrutiny of Income-tax returns of political parties registered with the Election Commission in the context of deposits of old currency notes. This inference seems to have been drawn because of the fact that the income of the political parties is exempt from Income - Tax under Section 13A.


In this context, the following clarifications need to be kept in mind :


(i) The exemption from Income-Tax is given to only registered political parties subject to certain conditions, which are mentioned in Section 13A, which includes keeping and maintaining books of accounts and other documents as would enable the Assessing Officer to deduce its income therefrom;


(ii) In respect of each voluntary contribution in excess of Rs. 20000, the political party will have to maintain a record of such contributions along with the name and address of such person who has made such contribution;


(iii) The accounts of each such political party is to be audited by a Chartered Accountant; and


(iv) The political party has to submit a report to the Election Commission about the donations received within a timeframe prescribed.


There are enough provisions in the Income Tax Act to scrutinise the accounts of the political parties and these political parties are also subject to other provisions of Income-Tax, including filing of return.



*****

http://indianexpress.com/article/in...-lakh-cash-in-new-currency-in-punjab-4432446/
Income Tax Department on Saturday seized Rs 9 lakh new currency notes during a raid at a Ludhiana-based jewellery outlet, the owner of which also surrendered unaccounted wealth of Rs 15.40 crore. The income tax sleuths seized about Rs 14 lakh cash and one kg gold in this operation, I-T officials said.

Preliminary investigation conducted by the department has revealed that the jeweller allegedly sold gold jewellery at higher rates, helping customers to convert their black money into white post demonetisation move by the Centre.

These 3cr 30 cr or 100cr isn't big deal.
Stop using magnified glass.


http://m.ndtv.com/india-news/uttar-...00-crore-from-rbi-to-meet-cash-crunch-1638930


Yeah elections, now you will come with new excuses.. BJP very much into power politics..


http://indianexpress.com/article/in...ly-lotus-will-bloom-in-uttar-pradesh-4432509/

 

[Hindustani78]

http://www.thehindu.com/news/nation...kh-in-new-currency-seized/article16898932.ece
The police on Friday seized new currency notes to the tune of 35.40 lakh from a car while conducting vehicle checks near Orathanand. Income Tax officials are interrogating the five occupants of the car, from whom the cash was seized. Acting on a tip-off that fresh currency notes were being transported from Tiruchi to Thanjavur by road, the police initiated vehicle checks across Thanjavur district. A team intercepted a luxury car near Orathanad, which was found to be carrying Rs. 35.40 lakh in Rs. 2,000-denomination notes. The car was seized and its occupants taken to the Orathanad police station for interrogation.

http://www.thehindu.com/news/nation...ned-money-lender-in-Surat/article16899408.ece
The Income Tax authorities in Surat have seized alleged unaccounted assets worth Rs. 12 crore from a tea seller-turned-money lender after raids were conducted at his premises as part of the nationwide crackdown against black money post demonetisation of high value currency bills in the country.

The I-T department sleuths conducted the search operations at tea seller’s house on Saturday, recovered Rs. 1.45 crore in cash, which included new currency of Rs. 1.05 crore.

Other assets seized were bullion worth Rs. 1.49 crore, gold jewellery valued at Rs. 4.92 crore, other ornaments worth Rs. 1.39 crore and silver ingots priced at Rs. 1.28 crore and other documents of immovable properties in the form of commercial shops, officials and residential properties.

 

[Hindustani78]

These 3cr 30 cr or 100cr isn't big deal.
Stop using magnified glass.


http://m.ndtv.com/india-news/uttar-...00-crore-from-rbi-to-meet-cash-crunch-1638930


Yeah elections, now you will come with new excuses.. BJP very much into power politics..


http://indianexpress.com/article/in...ly-lotus-will-bloom-in-uttar-pradesh-4432509/

http://www.deccanherald.com/content/587240/court-confirms-ed-seizure-order.html
A special anti-money laundering court here has confirmed an attachment of assets order worth over Rs 749 crore issued by the ED against YSR Congress chief Y S Jagan Mohan Reddy, his wife and others in a money laundering case.


The agency had attached the said assets in June this year as part of its probe against Jagan under the Prevention of Money Laundering Act (PMLA).

"On a thorough perusal of the Provisional Attachment Order (PAO), relied upon documents, the investigations conducted by the ED and the statements recorded....and on careful consideration of the arguments advanced on behalf of the complainant (ED) and defendants (Jagan and others) undersigned comes to the prima facie conclusion that the defendants have committed the scheduled offences, generated proceeds of crime and laundered them.

"No doubt, the properties attached are proceeds of crime or value there of and are involved in money laundering. Undersigned therefore orders confirmation of the above PAO," an order issued by a three-member bench of the Adjudicating Authority of the PMLA here said.

The Enforcement Directorate, while issuing the order in June, had said its investigations found that Jagan laundered the proceeds of crime through his group companies Ms Sandur Power Company Pvt Ltd, Ms Classic Realty Pvt Ltd, Ms Silicon Builders Pvt Ltd, Ms Saraswati Power and Industries Pvt Ltd and 10 other firms in the form of investments, purchase of movable and immovable properties, third party payments among others.

Apart from it, the agency had said, Ms Bharathi Cement Corporation Pvt Ltd has received the proceeds of crime in the form of limestone mined from the mines allotted illegally to them in Kadapa district by then Andhra Pradesh government. The value of limestone works out to be more than Rs 152 crore during the relevant period, it had said.

"During investigations under PMLA, the proceeds of crime involved in money laundering were identified in the form of movable (Rs 404,72,32,182) and immovable properties (Rs 344,38,10,378) totally valued at Rs 749.10 crore," the ED order had said.

These attached properties are spread across Telangana, Andhra Pradesh and Karnataka.

 

[Hindustani78]

*********
http://www.hindustantimes.com/india...n-new-notes/story-jymDVKzZDlXVMMXZ5uTDEM.html
The Income Tax department has seized Rs 66 lakh cash, all in new Rs 2000 notes, as part of the anti-black money crackdown operations in Hyderabad.

The first incident, that occurred on the night of December 16, was reported at the Telugu Academy in Himayatnagar when an I-T team intercepted few people who ran into a nearby apartment on seeing the team.

“Search of the apartment led to recovery of Rs 36 lakh cash, all in Rs 2000 denomination. Sources of the cash are being probed into,” I-T sources said.


In the second incident in the same city on December 17, department investigators along with police intercepted a speeding Honda Activa in the Tank Bund area.

“Cash of Rs 30 lakh in Rs 2000 denomination was found with two persons.The case is being probed,” they said.

The sources added that these two interceptions were made in the city as part of taxman’s anti-black money probe post demonetisation.

 

[danger007]

http://www.deccanherald.com/content/587240/court-confirms-ed-seizure-order.html
A special anti-money laundering court here has confirmed an attachment of assets order worth over Rs 749 crore issued by the ED against YSR Congress chief Y S Jagan Mohan Reddy, his wife and others in a money laundering case.


The agency had attached the said assets in June this year as part of its probe against Jagan under the Prevention of Money Laundering Act (PMLA).

"On a thorough perusal of the Provisional Attachment Order (PAO), relied upon documents, the investigations conducted by the ED and the statements recorded....and on careful consideration of the arguments advanced on behalf of the complainant (ED) and defendants (Jagan and others) undersigned comes to the prima facie conclusion that the defendants have committed the scheduled offences, generated proceeds of crime and laundered them.

"No doubt, the properties attached are proceeds of crime or value there of and are involved in money laundering. Undersigned therefore orders confirmation of the above PAO," an order issued by a three-member bench of the Adjudicating Authority of the PMLA here said.

The Enforcement Directorate, while issuing the order in June, had said its investigations found that Jagan laundered the proceeds of crime through his group companies Ms Sandur Power Company Pvt Ltd, Ms Classic Realty Pvt Ltd, Ms Silicon Builders Pvt Ltd, Ms Saraswati Power and Industries Pvt Ltd and 10 other firms in the form of investments, purchase of movable and immovable properties, third party payments among others.

Apart from it, the agency had said, Ms Bharathi Cement Corporation Pvt Ltd has received the proceeds of crime in the form of limestone mined from the mines allotted illegally to them in Kadapa district by then Andhra Pradesh government. The value of limestone works out to be more than Rs 152 crore during the relevant period, it had said.

"During investigations under PMLA, the proceeds of crime involved in money laundering were identified in the form of movable (Rs 404,72,32,182) and immovable properties (Rs 344,38,10,378) totally valued at Rs 749.10 crore," the ED order had said.

These attached properties are spread across Telangana, Andhra Pradesh and Karnataka.

LOL it's not new case.. that case running from past 5 -6yrs.

 

[Hindustani78]

LOL it's not new case.. that case running from past 5 -6yrs.

But here you need to understand that in Republic of India , there is a system which works.

 

[Hindustani78]

http://www.deccanherald.com/content/587274/more-stashes-currency-seized-across.html
New Delhi, Dec 18, 2016, PTI

In continued post-demonetisation crackdown on black money, stashes of new notes have been seized in several states, including Rs 1.05 crore from a tea seller-turned-financier in Gujarat and nearly Rs 90 lakh in Andhra Pradesh.

Rs 12 lakh were seized by police from three alleged drug smugglers in Punjab while Rs 18 lakh in new currency notes were recovered from Sector 57 in Noida on the outskirts of national capital and three men arrested last evening by a team of Uttar Pradesh Anti Terrorist Squad and Income Tax Department.

The Income Tax department seized alleged unaccounted assets worth Rs 10.50 crore from a former tea seller after raids were conducted against him in Surat.

These included new currency of Rs 1.05 crore, bullion worth Rs 1.49 crore, gold jewellery valued at Rs 4.92 crore, other ornaments worth Rs 1.39 crore and silver ingots priced at Rs 1.28 crore.

"The total value of the assets seized from the financier, who earlier worked as a 'chaiwala', is Rs 10.50 crore," I-T sources said.

They said of his bank lockers have been opened till now, and there are four more.

The department seized Rs 66 lakh cash, all in new Rs 2000 notes, in Hyderbad. The first incident was reported at the Telugu Academy in Himayatnagar on December 16 when an I-T team intercepted few people who ran into a nearby apartment on seeing the team.

"Search of the apartment led to recovery of Rs 36 lakh cash, all in Rs 2000 denomination. Sources of the cash are being probed into," I-T sources said.

In the second incident in the same city on December 17, department investigators along with police intercepted a speedingHonda Activa in the Tank Bund area.

"Cash of Rs 30 lakh in Rs 2000 denomination was found with two persons.The case is being probed," they said.

More seizured were made in Andhra Pradesh today as nine persons were detained in Duppada village in Vizianagaram while trying to exchange notes.

"Cash worth Rs 18.7 lakh, most of it in new Rs 2,000 denomination and rest in Rs 100 notes, was recovered from them after police raided a house near Palanuru at Duppada junction," said I Town Circle Inspector P. Sobhan Babu.

A senior official of Excise and Prohibition Department was allegedly found in possession of assets worth about Rs five crore and Rs seven lakh in Rs 2,000 notes were also seized from him, Anti-Corruption Bureau sources said today.

Cash totalling Rs 58,000 in new curreny was also seized from two customs officials in Pallia town on India-Nepal border last night, UP police said today.

In Amritsar, three persons have been arrested with 600 gram of heroin and Rs 12 lakh in new high-value currency in Punjab's Amritsar district.

The three were arrested outside a Suvidha centre in Pataka market on Chamrang road before they could deliver the heroin. Police said a total of Rs 15.49 lakh was seized from them, and out of that Rs 12 lakh was in the new high-value notes.

 

[danger007]

But here you need to understand that in Republic of India , there is a system which works.

No, you are talking like he got caught recently.. on other side modi let CBN do scams.. am sorry, I don't buy your views. MODI is PM of India but he still talk like random political leaders.. he should give that attacking job to others.. he is all above the others now, so he must not look down. when he dig around corrupt leaders, then I will trust his moves.. recent 5000cr to UP speaks everything.. more and election stunt than black money.

 

[Hindustani78]

No, you are talking like he got caught recently.. on other side modi let CBN do scams.. am sorry, I don't buy your views. MODI is PM of India but he still talk like random political leaders.. he should give that attacking job to others.. he is all above the others now, so he must not look down. when he dig around corrupt leaders, then I will trust his moves.. recent 5000cr to UP speaks everything.. more and election stunt than black money.

I am just showing you this that even Indian political parties have to declare regarding funds in Republic of India.

http://www.thehindu.com/news/nation...r-against-Jagan-confirmed/article16901510.ece
A special anti-money laundering court here has confirmed an attachment of assets order worth over Rs. 749 crore issued by the Enforcement Directorate against YSR Congress chief Y.S. Jagan Mohan Reddy, his wife and others in a money laundering case.

The agency had attached the said assets in June this year as part of its probe against Jagan under the Prevention of Money Laundering Act (PMLA).

Those 5000 Cr have gone from RBI which was to change the old currency of 500 and 1000. Bordering states are having problem because of smuggling, fake currency etc .

http://indianexpress.com/article/in...palese-notes-seized-from-customs-men-4433649/
By: PTI | Lakhimpur Kheri | Published December 18, 2016 4:47 pm
In the second major haul in as many days of high denomination Indian currency notes, cash totalling Rs 58,000 and Nepal currency worth Rs six lakh were seized from two customs officials in Pallia town on India-Nepal border, police said on Sunday. The Indian currency was in the denomination of Rs 2000, Kheri Superintendent of Police Manoj Kumar Jha told reporters.

Jha said no satisfactory explanation was received on how the Nepal currency as well as new Indian currency in such a large quantity reached the customs officials. The seizure was made from a hotel in Pallia town on India-Nepal border.
Palia Kalan, Uttar Pradesh

***************************
http://www.thehindu.com/news/nation....23-lakh-unaccounted-cash/article16900642.ece
The Government Railway Police (GRP) have seized Rs 17.23 lakh ‘unaccounted’ cash from two persons at the railway station here on Sunday.

Sources said that the GRP personnel detained two persons — Murali and Upender — employees of a chilli trader in the town, while moving towards the exit gate after alighting from the Konark Express at the railway station here on Sunday morning.

The GRP team seized a bag containing Rs 17.23 lakh ‘unaccounted’ cash in both demonetised old notes worth Rs 1.20 lakh and the remaining amount in new currency notes from their possession, sources added.

The duo reportedly told the GRP personnel that the amount was from proceeds of chilli sold to a customer in Odisha. However, they reportedly failed to produce requisite documents in support of their claim.

The GRP police informed the Income Tax Department officials about the seizure.

×

***********

Ministry of Finance
19-December, 2016 16:24 IST
Amounts exceeding Rs.5000 in old notes can be deposited only once between now and 30th December, 2016

The deposits of old notes of Rs.500 and Rs.1000 denominations have been reviewed by the Government from time to time. Already more than five weeks have elapsed since the time of the announcement of the cancellation of the legal tender character of these notes. It is expected that, by now, most of the people would have deposited such old notes in their possession. Keeping this in view and to reduce the queues in the banks, it has now been decided that amounts exceeding Rs.5000 in old notes can be deposited only once between now and 30th December, 2016. The banks have been advised to conduct due diligence regarding the reasons for not depositing these notes earlier. Amounts of Rs.5000 or less may continue to be deposited with banks in the customer’s account, as at present. However, cumulative deposits exceeding Rs.5000 between 19th and 30th December, 2016 will be as per the procedures advised by RBI in respect of deposits exceeding Rs.5000 as stated above.

Further, an opportunity has been given to the public to make the payments towards tax, penalty, cess/surcharge and deposit under the Pradhan Mantri Garib Kalyan Yojana (PMGKY) 2016 with the old bank notes of Rs.500 and Rs.1000 denomination upto 30th December, 2016.

A number of representations had been received from District Cooperative Central Banks (DCCBs) to allow them to deposit with their linked currency chests the old Rs.500 and Rs.1000 notes that had been collected by them between the 10th of November and 14th of November, 2016. An enabling notification to this effect has been issued. NABARD which supervises the DCCBs will conduct complete audit check of the Know Your Customer (KYC) documents of the individual customers who have deposited these notes or of the members of the Primary Agricultural Credit Society (PACS) who have deposited these notes. The details in this regard will be notified by RBI.

*****

 

[Hindustani78]

http://www.hindustantimes.com/india...onetisation/story-F9H3QB4cvv5nJ62Rx39msJ.html

Due to Prime Minister Narendra Modi’s demonetisation move, the Central government will earn at least Rs 2 lakh crore to Rs 3 lakh crore in taxes, Defence Minister Manohar Parrikar said on Sunday.

“A minimum of Rs 2 lakh to Rs 3 lakh crore in taxes will be collected and once this tax comes to the government, it will help fulfil the needs of the common people and the poor. The Central government will utilise the money to give financial strength to these sections,” Parrikar told a BJP party meeting at Quepem assembly constituency, in South Goa.

“But the manner in which black money is coming out, even in trucks, is something else. Until now, Rs 700 to Rs 800 crore of black money was caught in currency notes. I do not have to say how many people who have deposited money in banks are going to be taxed,” Parrikar said.

 

[danger007]

I am just showing you this that even Indian political parties have to declare regarding funds in Republic of India.

http://www.thehindu.com/news/national/andhra-pradesh/Attachment-oiinst-Jagan-confirmed/article16901510.ece
A special anti-money laundering court here has confirmed an attachment of assets order worth over Rs. 749 crore issued by the Enforcement Directorate against YSR Congress chief Y.S. Jagan Mohan Reddy, his wife and others in a money laundering case.

The agency had attached the said assets in June this year as part of its probe against Jagan under the Prevention of Money Laundering Act (PMLA).

Those 5000 Cr have gone from RBI which was to change the old currency of 500 and 1000. Bordering states are having problem because of smuggling, fake currency etc .

http://indianexpress.com/article/in...palese-notes-seized-from-customs-men-4433649/
By: PTI | Lakhimpur Kheri | Published December 18, 2016 4:47 pm
In the second major haul in as many days of high denomination Indian currency notes, cash totalling Rs 58,000 and Nepal currency worth Rs six lakh were seized from two customs officials in Pallia town on India-Nepal border, police said on Sunday. The Indian currency was in the denomination of Rs 2000, Kheri Superintendent of Police Manoj Kumar Jha told reporters.

Jha said no satisfactory explanation was received on how the Nepal currency as well as new Indian currency in such a large quantity reached the customs officials. The seizure was made from a hotel in Pallia town on India-Nepal border.
Palia Kalan, Uttar Pradesh

***************************
http://www.thehindu.com/news/nation....23-lakh-unaccounted-cash/article16900642.ece
The Government Railway Police (GRP) have seized Rs 17.23 lakh ‘unaccounted’ cash from two persons at the railway station here on Sunday.

Sources said that the GRP personnel detained two persons — Murali and Upender — employees of a chilli trader in the town, while moving towards the exit gate after alighting from the Konark Express at the railway station here on Sunday morning.

The GRP team seized a bag containing Rs 17.23 lakh ‘unaccounted’ cash in both demonetised old notes worth Rs 1.20 lakh and the remaining amount in new currency notes from their possession, sources added.

The duo reportedly told the GRP personnel that the amount was from proceeds of chilli sold to a customer in Odisha. However, they reportedly failed to produce requisite documents in support of their claim.

The GRP police informed the Income Tax Department officials about the seizure.

×

***********

Ministry of Finance
19-December, 2016 16:24 IST
Amounts exceeding Rs.5000 in old notes can be deposited only once between now and 30th December, 2016

The deposits of old notes of Rs.500 and Rs.1000 denominations have been reviewed by the Government from time to time. Already more than five weeks have elapsed since the time of the announcement of the cancellation of the legal tender character of these notes. It is expected that, by now, most of the people would have deposited such old notes in their possession. Keeping this in view and to reduce the queues in the banks, it has now been decided that amounts exceeding Rs.5000 in old notes can be deposited only once between now and 30th December, 2016. The banks have been advised to conduct due diligence regarding the reasons for not depositing these notes earlier. Amounts of Rs.5000 or less may continue to be deposited with banks in the customer’s account, as at present. However, cumulative deposits exceeding Rs.5000 between 19th and 30th December, 2016 will be as per the procedures advised by RBI in respect of deposits exceeding Rs.5000 as stated above.

Further, an opportunity has been given to the public to make the payments towards tax, penalty, cess/surcharge and deposit under the Pradhan Mantri Garib Kalyan Yojana (PMGKY) 2016 with the old bank notes of Rs.500 and Rs.1000 denomination upto 30th December, 2016.

A number of representations had been received from District Cooperative Central Banks (DCCBs) to allow them to deposit with their linked currency chests the old Rs.500 and Rs.1000 notes that had been collected by them between the 10th of November and 14th of November, 2016. An enabling notification to this effect has been issued. NABARD which supervises the DCCBs will conduct complete audit check of the Know Your Customer (KYC) documents of the individual customers who have deposited these notes or of the members of the Primary Agricultural Credit Society (PACS) who have deposited these notes. The details in this regard will be notified by RBI.

*****

I am just showing you this that even Indian political parties have to declare regarding funds in Republic of India.

http://www.thehindu.com/news/nation...r-against-Jagan-confirmed/article16901510.ece
A special anti-money laundering court here has confirmed an attachment of assets order worth over Rs. 749 crore issued by the Enforcement Directorate against YSR Congress chief Y.S. Jagan Mohan Reddy, his wife and others in a money laundering case.

The agency had attached the said assets in June this year as part of its probe against Jagan under the Prevention of Money Laundering Act (PMLA).

Those 5000 Cr have gone from RBI which was to change the old currency of 500 and 1000. Bordering states are having problem because of smuggling, fake currency etc .

http://indianexpress.com/article/in...palese-notes-seized-from-customs-men-4433649/
By: PTI | Lakhimpur Kheri | Published December 18, 2016 4:47 pm
In the second major haul in as many days of high denomination Indian currency notes, cash totalling Rs 58,000 and Nepal currency worth Rs six lakh were seized from two customs officials in Pallia town on India-Nepal border, police said on Sunday. The Indian currency was in the denomination of Rs 2000, Kheri Superintendent of Police Manoj Kumar Jha told reporters.

Jha said no satisfactory explanation was received on how the Nepal currency as well as new Indian currency in such a large quantity reached the customs officials. The seizure was made from a hotel in Pallia town on India-Nepal border.
Palia Kalan, Uttar Pradesh

***************************
http://www.thehindu.com/news/nation....23-lakh-unaccounted-cash/article16900642.ece
The Government Railway Police (GRP) have seized Rs 17.23 lakh ‘unaccounted’ cash from two persons at the railway station here on Sunday.

Sources said that the GRP personnel detained two persons — Murali and Upender — employees of a chilli trader in the town, while moving towards the exit gate after alighting from the Konark Express at the railway station here on Sunday morning.

The GRP team seized a bag containing Rs 17.23 lakh ‘unaccounted’ cash in both demonetised old notes worth Rs 1.20 lakh and the remaining amount in new currency notes from their possession, sources added.

The duo reportedly told the GRP personnel that the amount was from proceeds of chilli sold to a customer in Odisha. However, they reportedly failed to produce requisite documents in support of their claim.

The GRP police informed the Income Tax Department officials about the seizure.

×

***********

Ministry of Finance
19-December, 2016 16:24 IST
Amounts exceeding Rs.5000 in old notes can be deposited only once between now and 30th December, 2016

The deposits of old notes of Rs.500 and Rs.1000 denominations have been reviewed by the Government from time to time. Already more than five weeks have elapsed since the time of the announcement of the cancellation of the legal tender character of these notes. It is expected that, by now, most of the people would have deposited such old notes in their possession. Keeping this in view and to reduce the queues in the banks, it has now been decided that amounts exceeding Rs.5000 in old notes can be deposited only once between now and 30th December, 2016. The banks have been advised to conduct due diligence regarding the reasons for not depositing these notes earlier. Amounts of Rs.5000 or less may continue to be deposited with banks in the customer’s account, as at present. However, cumulative deposits exceeding Rs.5000 between 19th and 30th December, 2016 will be as per the procedures advised by RBI in respect of deposits exceeding Rs.5000 as stated above.

Further, an opportunity has been given to the public to make the payments towards tax, penalty, cess/surcharge and deposit under the Pradhan Mantri Garib Kalyan Yojana (PMGKY) 2016 with the old bank notes of Rs.500 and Rs.1000 denomination upto 30th December, 2016.

A number of representations had been received from District Cooperative Central Banks (DCCBs) to allow them to deposit with their linked currency chests the old Rs.500 and Rs.1000 notes that had been collected by them between the 10th of November and 14th of November, 2016. An enabling notification to this effect has been issued. NABARD which supervises the DCCBs will conduct complete audit check of the Know Your Customer (KYC) documents of the individual customers who have deposited these notes or of the members of the Primary Agricultural Credit Society (PACS) who have deposited these notes. The details in this regard will be notified by RBI.

*****

Congress itself locked Jagan in CBI cases due to his rebel activities after his father death. Please come up with concrete evidence, this 2cr, 20cr or even 200cr nothing close to the actual black money. Political parties that includes Congress, BJP or whatsoever party in India holds these black money. The very fact each and every political party ( excluding some tiny parties) distribute money during elections ..

 

[Hindustani78]

http://www.thehindu.com/news/cities...isation-in-Telangana-A.P./article16907138.ece
Income Tax Department of TS and AP had detected Rs.280 crore of unaccounted income and conducted 22 searches post demonetisation of the high currency notes of Rs.500 and Rs.1000 by the Central Government. It had also recovered Rs.11 crore in cash and Rs.4.2 crore worth of bullion, announced Chief Commissioner of IT-Hyd Sushil Kumar and Director General (Investigations) Nina Nigam here on Monday.

The department has also traced Rs.2,000 crore of unaccounted for wealth in both States.

“We have all the information of how much black money has made into the bank accounts and how much has gone from there. The department is very active. We know how to deal with it,” asserted Mr. Kumar at a press conference.

The meet was called to give details of the Prime Minister’s ‘Garib Kalyan Yojana’ (PMGKY) where those with black money can deposit the sum in their respective bank accounts by December 31 if they are still holding onto old currency notes and file the returns to the IT department by March 31, 2017 by paying penal tax

 

[Hindustani78]

Currency Seized